Ginni Filaments Limited has informed the Exchange regarding Board meeting held on May 07, 2025.
GINNIFILA · price
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Ginni Filaments' Board approved audited FY25 results showing revenue from operations of ₹37,378 lakhs (up 6.5% YoY from ₹35,087 lakhs) and a net profit of ₹420 lakhs, compared to a loss of ₹8,449 lakhs in FY24. The prior year loss was largely driven by an exceptional item of ₹2,571 lakhs (customer receivable write-off) and a ₹5,824 lakh loss from discontinued operations after the company sold its spinning, knitting and processing business to RSWM in February 2024. EBITDA expanded strongly to ₹3,009 lakhs (margin of ~8.0% vs ~6.6% in FY24), supported by improved performance in both textiles and consumer products segments. Q4 FY25 was particularly strong with EBITDA of ₹1,485 lakhs versus just ₹547 lakhs in the year-ago quarter. Statutory auditors M/s Doogar & Associates issued an unmodified (clean) opinion, and M/s AW & Co. was re-appointed as internal auditor for FY26.
The return to profitability, sharp EBITDA margin expansion, and clean audit opinion are positives for shareholders, though profits remain modest relative to the equity base of ~₹19,937 lakhs and cash balances dropped sharply to ₹311 lakhs (from ₹1,689 lakhs). Investors should note that year-on-year comparisons are influenced by the divestment of the loss-making spinning business, so the headline turnaround partly reflects a structural change rather than pure organic growth.